Google parent to lay off 12,000 workers as AI focus intensifies
Google's parent Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI).
Alphabet's shares were up nearly 3% in pre-market trading.
The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research.
Alphabet now faces a challenge from Microsoft Corp (MSFT.O) in a branch of tech that can, for instance, create virtually...